Stocks of Analog Devices Inc (NASDAQ:ADI) traded higher last session on Wall Street, up 0.89% to $243.82.
ADI stock price is now 13.34% away from the 50-day moving average and 9.73% away from the 200-day moving average. The market capitalization of the company currently stands at $120.96B.
With the price target of $245, The Benchmark Company recently initiated with Buy rating for Analog Devices Inc (NASDAQ: ADI). On November 27, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $270 to quote $260, while ‘Wells Fargo’ rates the stock as ‘Equal Weight’
In other news, ROCHE VINCENT, Chair & CEO sold 10,000 shares of the company’s stock on Jan 02 ’25. The stock was sold for $2,154,900 at an average price of $215.49. Upon completion of the transaction, the Chair & CEO now directly owns 21,983 shares in the company, valued at $5.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 02 ’25, Officer ROCHE VINCENT bought 10,000 shares of the business’s stock. A total of $2,154,900 was incurred on buying the stock at an average price of $215.49. A total of 0.28% of the company’s stock is owned by insiders.
During the past 12 months, Analog Devices Inc has had a low of $182.57 and a high of $244.14. As of last week, the company has a debt-to-equity ratio of 0.23, a current ratio of 1.84, and a quick ratio of 1.35.
The net profit margin was 17.35% and return on equity was 4.62% for ADI. The company reported revenue of $2.42 billion for the quarter, compared to $2.51 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.56 percent.
